Pages

Friday, May 31, 2013

Big Business with Big Opportunities

Nowadays Businesses are struggling with abnormally growing volumes, speed and variety of information that used to generate everyday, everyday the complexity of information generation is also rapidly growing - the term to be known for as 'Bigdata'. Many companies are seeking for the technology to not only help them to bigdata storage and process but also finding many more business insights from bigdata and growing up the business strategies with bigdata.

Arround 80% information in world is unstructured, and many businesses are not even attempting to use that information for their advantage or not aware how to use that information. Imagine if you and your business keep afford that all data generated by you business and keep tracking and analyzing it, Imagine if know to way the handle that bigdata?

The data explosion presents great challenge to businesses, today most lack the technology and knowledge about bigdata and how to deal with it and get real business values. Many Companies are focusing on the developing skills and insights of business needs to accelerate the path of transforming larger data sets.

What bigdata can do? Businesses are growing up with bigdata to finding more business insights and row that caries values for business with latest bigdata processing technologies like Hadoop fromework.

Its now possible to track each individual user through cell phones, wireless sensors with measurement of his interest in particular thing, where does he lives, works, plays and what is his day to day program and collect the data, analyse this huge data using bigdata processing technologies and find out the business ways with each individual user to help or make his life simpler.

Bigdata in Social Networking, day to day millions of facebook comments, updates, twitter tweets are generating and many more so using bigdata processing to find out current market trends, what people are talking about, their likes, dislikes accordingly plan our business.

Bigdata in Healthcare, every hospital or healthcare organization maintaining their historical records with patients records which may kind of bigdata so technology can analyse that past records and predict in future which patients, on what date, with the cause and what are the possible treatments for similar cause.

Bigdata in BFSI, In BFSI domain fault tolerance is the one of the most important pillar so, there are millions of daily banking transactions are there we want to find out the fake transactions, bigdata helps us even for product recommendations, transaction analysis bigdata plays a major role.

Bigdata in ECommerce, somewhere and somehow on online shopping sites you might seen dialogs like 'you bought this you may like this', this is kind of recommendations calculated by bigdata processing technologies.

The information that we have today about 90% of information is generated in just last 2 years and this trend is going, I believe after 2025 there will about 70% businesses in world generated by Bigdata and Bigdata oriented. Product will be delivered to the customer if he just thinking about it, Cab will be waiting for us when decided to shopping and Discounts will already there on Shirt we might think to buy.